Kohl’s (NYSE:KSS) Stock Price Up 24.2% – Time to Buy?

Kohl’s Co. (NYSE:KSS)’s share price rose 24.2% during trading on Wednesday . The stock traded as high as $7.69 and last traded at $7.67. Approximately 15,111,892 shares traded hands during trading, an increase of 41% from the average daily volume of 10,714,394 shares. The stock had previously closed at $6.18.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KSS shares. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Kohl’s in a research report on Tuesday, April 1st. Robert W. Baird dropped their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 11th. Bank of America dropped their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, UBS Group reduced their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and a consensus target price of $11.87.

Kohl’s Stock Performance

The firm has a market cap of $866.10 million, a price-to-earnings ratio of 3.50 and a beta of 1.65. The firm’s 50 day moving average price is $10.32 and its 200-day moving average price is $14.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The business’s revenue was down 9.4% compared to the same quarter last year. On average, analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s payout ratio is 51.02%.

Institutional Trading of Kohl’s

Several institutional investors have recently bought and sold shares of the stock. Dana Investment Advisors Inc. lifted its holdings in shares of Kohl’s by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock valued at $3,554,000 after acquiring an additional 91,590 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after purchasing an additional 573,579 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its holdings in Kohl’s by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock valued at $1,474,000 after purchasing an additional 42,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kohl’s by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after buying an additional 55,540 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Kohl’s by 117.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock worth $6,557,000 after buying an additional 252,006 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.